Property summary
Canyon Gate Shopping Center presents a unique investment opportunity in Spanish Fork, Utah. This single-story retail property, encompassing 62,735 square feet on a 0.56-acre lot, offers 24,394 square feet of net rentable space. Located at 898 S 2550 E St, Spanish Fork, UT 84660, the center benefits from a highly desirable location, boasting an average daily traffic count of 24,000 vehicles. Its strategic placement on Highway 6 makes it the last or first stop for travelers heading to popular destinations such as Moab, Arches National Park, Canyonlands National Park, and Lake Powell. The property's proximity to a Walmart Fuel Center (one of over 450 nationwide) and the new Maple Mountain High School (with 1,600 students) only one mile away further enhances its appeal. This high-growth area offers significant potential for future development and increased profitability. The asking price is $575,000, translating to $23.57 per square foot. This retail land presents a compelling investment opportunity in a thriving Utah County community. The property is ideally suited for a variety of retail uses and benefits from its high visibility and convenient access.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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